Regression Performance Analysis Of Chinese Concept Stocks

In recent years,foreign capital markets have less enthusiasm for Chinese concept stock,and some Chinese concept stock companies were shorted.Many Chinese concept stock companies have been undervalued.They chosen to privatize and delist overseas and go back to domestic capital market,for example,Ming Yang Smart Energy Group Limited.Its’predecessor was delisted from the New York Stock Exchange in July 2016.It returned to A shares on January 23,2019.It is one of the few Chinese concept stock companies that have returned to A shares by the way of IPO successfully.Based on the asymmetric information theory,revaluation theory,and circumvention supervision theory,this article take Ming Yang as an example,and analyze its’ return motivation and performance.Firstly,introduce the background of privatization and delisting,and sort out the process of its’privatization and delisting,the removal of the VIE structure,and IPO progress.Then analyze the non-financial p and financial performance to discuss the effects of regression.We used the market adjustment method to analyze the short-term market effect,and used statal5.0 for the significance test.Also,we used balance score card and analytic hierarchy process to evaluate the performance of the company in the past 5 years.Based on comprehensive scoring,it combines short-term long-term performance evaluation,and conducts research on both non-financial effects and financial performance.This article summarizes the reason for the return of Ming Yang Smart Energy Group as obtaining high valuations,favorable policy support,and reducing listing maintenance costs.After analyzing its performance,it is found that in terms of non-financial effects,company’s valuation has risen sharply in the initial stage of return.In terms of financial performance,profitability and growth capabilities have been significantly enhanced,and operating capabilities and solvency have slightly improved.At the same time,this article found that although company’s revenue has increased significantly in the past two years,due to the particularity of the industry,corporate operations are greatly affected by policy changes,and there is a risk of revenue fluctuations.This article hopes to provide suggestions for Mingyang Intelligent and other Chinese concept stock companies and regulatory authorities that plan to return.